Accessibility StatementSkip Navigation MISSISSAUGA, ON, Oct. 2, 2025 /PRNewswire/ - Cymat Technologies Ltd. (TSXV: CYM) (OTCQB: CYMHF) (the "Company" or "Cymat"). Today Cymat announced that it has completed a non-brokered private placement of equity Units (the "Offering"), generating gross proceeds of $1,499,500. Each Unit was priced at $0.13 with one Unit consisting of one (1) Common Share and one (1) Common Share Purchase Warrant. Each Warrant entitles the holder to purchase one Common Share at a price o ...

Core Insights - Cymat Technologies Ltd. has entered into a Letter of Intent with Rio Tinto Alcan Inc. to acquire technology and know-how for manufacturing proprietary aluminum metal matrix composites (MMC) [1][2] - The acquisition is part of RTA's strategic reorganization as they exit the MMC business, which they have operated for over 40 years [2][4] - Cymat plans to establish MMC production capabilities at its Mississauga plant, leveraging existing resources and workforce [3][5] Financial Overview - Historical sales volumes from RTA suggest that Cymat could achieve incremental annual revenue between $7.5 million and $10 million, with margins comparable to or better than its AlusionTM product [4] - Estimated capital costs for equipment are projected to be between $2 million and $2.5 million, with technology transfer expenses expected to be in the low to mid six-figure range [4] - Cymat intends to finance this initiative through existing outstanding warrant proceeds and equipment financing sources [4] Strategic Benefits - The new business line will provide Cymat with a substantial, uncorrelated, and predictable revenue stream, enhancing profitability [5] - It will also reduce the cost of Cymat's primary input material significantly, making the company more price-competitive in the automotive sector [5][6] - The initiative is expected to accelerate Cymat's path to substantial profitability, particularly with anticipated sales growth in the nuclear and military sectors [6]